COMMERCIAL CREDIT TERMS
**INVOICES ARE MAILED WHEN GOODS ARE SHIPPED. ACCOUNT IS IN DEFAULT IF PAYMENT IS NOT
RECEIVED WITHIN 30 DAYS OF INVOICE DATE.
**THERE IS NO SERVICE CHARGE ON EXTENSIONS OF CREDIT WHICH ARE PAID WITHIN 30 DAYS
IF THE INVOICE DATE. THE SERVICE CHARGE IS COMPUTED BY APPLYING A PERIODIC RATE TO
INVOICES THAT ARE OVER 30 DAYS OLD.
**NO OTHER CHARGES WILL BE IMPOSED UNLESS THE CUSTOMER FAILS TO MAKE PAYMENT AS
REQUIRED, IN WHICH EVENT THE EXPENSE OF COLLECTION, INCLUDING REASONABLE ATTORNEY’S
FEES AND/OR COLLECTION FEES AND COURT COST INCURRED, SHALL BE IMPOSED.
**ACCEPTANCE OF PAYMENT IN ARREARS OR PARTIAL PAYMENT SHALL NOT BE DEEMED A WAIVER OF
THE RIGHT TO DEMAND PROMPT PAYMENT IN FULL OR A WAIVER OF ANY RIGHT OR REMEDY AWARD
FABRICS, INC. MAY HAVE ON ANY FUTURE OCCASION.
**THE REPRESENTATIONS MADE HEREIN ARE CORRECT TO THE BEST OF MY KNOWLEDGE AND I
UNDERSTAND THIS APPLICATION MAY BE REVOKED OR REJECTED BY AWARD FABRICS, INC. AT ANY TIME
IF THE ACTUAL FACTS ARE FOUND TO DIFFER.